{"id":76447,"date":"2021-06-01T13:03:16","date_gmt":"2021-06-01T08:03:16","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=76447"},"modified":"2021-06-01T13:04:21","modified_gmt":"2021-06-01T08:04:21","slug":"ruda-formalises-bidding-process-of-ravi-riverfront","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/ruda-formalises-bidding-process-of-ravi-riverfront.html","title":{"rendered":"RUDA formalises bidding process of Ravi Riverfront Phase I"},"content":{"rendered":"\n<p>Lahore: The Ravi Urban Development Authority (RUDA) has completed the bidding process pertaining to the award of development rights of riverfront phase-1 (Sapphire Bay) of Ravi Riverfront Urban Development Project &#8211; which is worth billions, according to news sources.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/ravi-city-generate-pkr-1000-bn-economic-activity.html\" target=\"_blank\" rel=\"noreferrer noopener\">\u2018Ravi City Project to Generate PKR 1,000 bn Economic Activity This Year\u2019<\/a><\/p>\n\n\n\n<p>As per the officials, a mega consortium of over 10 companies has won the development rights of the project. According to RUDA\u2019s Chief Executive Officer (CEO) Imran Ameen, the official announcement regarding the bidder will be made in couple of days, and the letter of intent (LOI) will also be issued to the contract winner.<\/p>\n\n\n\n<p>The CEO also said that out of eight prequalified companies&#8217; bid submission, only four were passed the technical qualification criteria.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/epa-hold-public-hearings-ravi-riverfront-naya-pakistan-apartments.html\" target=\"_blank\" rel=\"noreferrer noopener\">EPA to hold public hearings on Ravi Riverfront, Naya Pakistan Apartments<\/a><\/p>\n\n\n\n<p>Chief Executive Officer informed that the Ravi project Part-1\u2019s total area is 44,000 acres including 5,000 acres for the river\u2019s land. Out of the remaining 39,000 acres, the government initially plans to <a rel=\"noreferrer noopener\" href=\"https:\/\/www.zameen.com\/news\/address-issues-hampering-ravi-citys-development.html\" target=\"_blank\">develop<\/a> 2,000 acres of the largest-ever riverfront project in Lahore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Ravi Urban Development Authority (RUDA) has completed the bidding process pertaining to the award of development rights of riverfront phase-1 (Sapphire Bay) of Ravi Riverfront Urban Development Project &#8211; which is worth billions, according to news sources. Read: \u2018Ravi City Project to Generate PKR 1,000 bn Economic Activity This Year\u2019 As per the officials, a mega consortium of over 10 companies has won the development rights of the project. According to RUDA\u2019s Chief Executive Officer (CEO) Imran Ameen, the official announcement regarding the bidder will be made in couple of days, and the letter of intent (LOI) will also be issued to the contract winner. The CEO also said that out of eight prequalified companies&#8217; bid submission, only four were passed the technical qualification criteria. Read: EPA to hold public hearings on Ravi Riverfront, Naya Pakistan Apartments Chief Executive Officer informed that the Ravi project Part-1\u2019s total area is 44,000 acres including 5,000 acres for the river\u2019s land. Out of the remaining 39,000 acres, the government initially plans to develop 2,000 acres of the largest-ever riverfront project in Lahore.<\/p>\n","protected":false},"author":83,"featured_media":67765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385,15016],"tags":[19726,34535,46113],"persona":[],"class_list":{"0":"post-76447","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-development-projects","8":"category-new-developments","9":"tag-ravi-riverfront","10":"tag-ruda","11":"tag-ruda-formalises-bidding-process-of-ravi-riverfront-phase-i","12":"cat-20385-id","13":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RUDA formalises bidding process of Ravi Riverfront - Zameen News<\/title>\n<meta name=\"description\" content=\"Chief Executive Officer informed that the Ravi project Part-1\u2019s total area is 44,000 acres including 5,000 acres for the river\u2019s land\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/ruda-formalises-bidding-process-of-ravi-riverfront.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RUDA formalises bidding process of Ravi Riverfront - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Chief Executive Officer informed that the Ravi project Part-1\u2019s total area is 44,000 acres including 5,000 acres for the river\u2019s land\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/ruda-formalises-bidding-process-of-ravi-riverfront.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-01T08:03:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-06-01T08:04:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/07\/ravi.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Iqra Masood\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Iqra Masood\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"RUDA formalises bidding process of Ravi Riverfront - Zameen News","description":"Chief Executive Officer informed that the Ravi project Part-1\u2019s total area is 44,000 acres including 5,000 acres for the river\u2019s land","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/ruda-formalises-bidding-process-of-ravi-riverfront.html","og_locale":"en_US","og_type":"article","og_title":"RUDA formalises bidding process of Ravi Riverfront - Zameen News","og_description":"Chief Executive Officer informed that the Ravi project Part-1\u2019s total area is 44,000 acres including 5,000 acres for the river\u2019s land","og_url":"https:\/\/www.zameen.com\/news\/ruda-formalises-bidding-process-of-ravi-riverfront.html","og_site_name":"Pakistan Real Estate News &amp; 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